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20110701
20110731
Search Results 0 to 19 of about 20 (some duplicates have been removed)
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
when negotiations with the taliban move forward and it also may have very big repercussions for the u.s. effort in the south. people called president hamid karzai's brother a corrupt gangster. but the cia's former head of counterterrorism says the u.s. may miss him. >> it's quite like live that what follows is going to be something that will not work to our interest. >> reporter: an afghan official says he was gunned down in his own home, shot in the head and chest by his own guard. the taliban took credit, but it's not clear if the shooter was really working for them. >> the united states condemns in the strongest possible terms the murder of president karzai's half brother in kandahar. >> a u.s. official said quote, while we must deal with ahm ahmed wali karzai, he's widely understood to be corrupt and narcotics trafficker. the state department and u.s. military were trying to build trust in the afghan government. they frequently criticized ahmed wali, but the cia worked with him. >> i think often parts of the u.s. government were working at cross purposes where ahmed wali was conce
or soot. we have debt as big as our economy. we look a lot like greece already. it's going to have to have broad impact on every aspect of our socie society. >> let's bring in jessica yellin. what are your sources telling you about tomorrow's meeting. >> the goal is to jump start this process until the u.s. hits the debt ceiling. all sides i speak to are hopeful they'll get a deal accomplished. they want to discuss true specifics and set up hopefully a process, probably with smaller meetings in the coming days and weeks to solve this once and far all. the positions remain the same -- republicans want to cut spending an equal amount to the amount that the debt ceiling will be raised. democrats are insistant that must be paired with tax increases, call it what you will. people close to the negotiations are telling me today that they now like the y canned of a bigger deal, a dpeel between $3 trillion to $4 trillion. now, that's a pretty surprising change, because just a week ago, right here in the white house, the president held a press conference talking about the difficulty getting to a $2
do if they had a lot of time. they don't have a lot of time right now. >> that's the big question and the big factor at the center of all of this. they don't have a lot of time and they need to move both of these through both chambers of congress and somehow reconcile them, how they're going to do that. >> let me go back to the white house. it looks like these two plans, they're obviously a senate plan by majority leader harry reid and house plan by speaker john boehner. does the white house feel sidelined or left out of thf process? >> i had this question, too, and i talked with one official who said the president can't be sidelined. he is the president. he has the power of the veto pen. he's the one who says ultimately if something moves. although inthe thought is if he was given a plan that could get through congress, i think the thought is how could he do anything but sign it? but certainly the president and the white house have been very much in touch with senate democrats and the roll right now is that senate majority leader harry reid is pretty much the president's lifeline
, but never quite so close to default. since we've been accumulating a big national debt, congress has raised the debt ceiling just 78 times. since 1960 alone. since the nation's debt reached the $1 trillion mark in the early 1980s, look at how government borrowing has skyrocketed. climbing really at an ex exponential rate. how is $14 trillion in relation to how big the economy is. it's about 95% of the size of the whole economy. we're fast approaching rates not seen since way back in world war ii and the great depression. when the size of the debt limit and the national debt was actually bigger than our gdp. this is what economists call a debt crisis. america runs by borrowing money. right now, 38 cents is borrowed money. if the debt kreeling is not raised in time, the u.s. could default on some of the payments. that's the last thing we need, recovering from a recession. >> fomdominique strauss-kahn ma face new sexual assault charges even though the case in new york is falling apart. [ male announcer ] to the seekers of things which are one of a kind. the authentic, the rare, the hard to def
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edited these newspapers in london to get the scoop, to get the big story and to do whatever it took to get that story? >> huge pressure. and i detail that in my book as well. you know, when you're an editor of a british tabloid newspaper, you're in a commercial war and you're encouraged to be aggressive, forceful, to pursue stories with the full mite of your reporting army. but most news organizations are the same. rupert murdoch's happened to be more successful than most over the years. the king for me listening to murdoch, a lot of what he said resonated. people may be bemused by what he said, but when he says he didn't have much day to day contact with these papers, that's true. i spoke to the editors of "news of the world" maybe once a week, once every two weeks. he didn't ask me about methodologies of stories. he would say what's going on and you told him what stories. i had editors, i have managers, i have lawyers, i have accountants. they do all the box ticking here. my job is just to get an overview of what's going on. when you run a company of 50,000 people, it is a bit rid
this is not a big deal? $800 million of aids has been suspended. >> both sides are working together on a number of things and pakistan is not happy with the pace of delivery of assistance. americans are not happy with the pace of delivery of certain deliverables from pakistan. it happens sometimes. right now because pakistan is a fledgling democracy and everything that happens there hits the media and there's an american domestic political context in which everything becomes an issue because of the way people react to your administration. this has become -- >> the reaction in pakistan to the u.s. decision to suspend at least for now $800 million in promised aid, a spokesman for the pakistani military saying in the past, we have not been dependent -- we have not been dependent on any external support for these operations. and they will. >> in 1999 there was no aid relationship. even though the u.s. and pakistan continued to work together albeit in a limited manner. it's not a good idea. it insults the people of pakistan. >> $800 million is a lot of money that can be used to build schools here in
this procedural vote to our viewers and what it means. the big vote still to come. >> wolf, they have something in the rules committee that allows members of congress to basically strike the last word if there's ame amendments and stuff that must go to it. this is a procedural vote. >> you used to work for the speaker of the house when he was newt gingrich. >> the motion is the minority party's shot at an alternative. it will be defeated by the majority. >> it's been really intense over these past 24 hours. it looked very gloomy for the speaker, john boehner. all of a sudden they sweetened the pot for the tea party supporters, freshman republicans, and now it looks like he's going to get this language passed. >> a guaranteed vote on the balanced budget amendment. i think that the speaker of the house would not even be bringing this up if he were not absolutely sure that he did not have the votes to pass it which is why he didn't bring it up yesterday. what's interesting about this is we watched for hours last night. people going in and out of his office. pizza being delivered and all the rest.
Search Results 0 to 19 of about 20 (some duplicates have been removed)